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Shopify has announced that it will debut USDC payments on its platform, with early access opening immediately. The service is expected to reach other clients by the end of the year. The online shopping app is expected to process USDC payments on the Base network.

According to the CEO of Shopify Tobi Lutke, the company will partner with Coinbase to roll out payments with dedicated smart contracts. The USDC payment option will be available through Shopify Payments and Shop Pay. Coinbase held exploratory talks with Shopify in the past year, proposing USDC as a solution. Now, USDC may be available to millions of merchants, according to Justin Gainsley, payment product developer at Coinbase.

Shopify to roll out USDC payments

The payments for merchants on the platform will use the Commerce Payments Protocol, a collaboration between Coinbase and Shopify for an e-commerce standard for crypto. The Base version of USDC will rely mostly on Coinbase for its liquidity and switch to other crypto or fiat. The native integration of crypto into e-commerce is another step in mass adoption. The announcement arrived just days after Circle, the issuer of USDC, started trading as a public company on the NYSE.

USDC remains one of the widely used stablecoins, offering its users a higher level of security. There have been instances where the asset has been frozen, allowing authorities to recoup funds in cases of fraud and losses. This feature appealed to Shopify, making the asset suitable for mainstream fintech usage.

Stablecoins have been making crossovers into payment and fintech apps, especially after receiving regulatory clarity. USDC also returned to services like Stripe at the end of 2024. Before the native Shopify integration, Stripe was also offering merchants a tool to accept USDC payments. PayPal’s PYUSD also expanded its supply, while minting more stablecoins on the Stellar network. Tether’s USDT has also spread to multiple fintech apps, though targeting more niche markets.

Base set to offer cheap USDC payments

The new USDC rollout is expected to leverage the on-chain economy of Base. The team announced that the new payment gateways may become a convenient way to checkout and make payments, opening it up to all Base users. Base is the second most liquid L2 chain with over $3.7B in stablecoin supply. The supply of USDC is over 3.65M tokens, spread across over 4.2M holders.

Base has shown to be a chain for fun on-chain activity, allowing for small transactions and retail users. Most of the USDC on Base is native, with only around 14M tokens bridged from other chains. In total, USDC has about 61 billion tokens in supply and is accepted across the crypto ecosystem, including centralized and decentralized platforms. Base, on the other hand, offers the lowest possible gas fees, with no additional requirement to hold tokens or pay for gas.

The post Shopify announce plans to debut USDC payments in June first appeared on Coinfea.

Japanese firm Remixpoint has announced a purchase of 55.6 BTC, marking the company’s shift toward Web3. The purchase, which was made on June 11, aligns with the company’s goal to hold over 1,000 coins.

Currently, Japan’s third-largest publicly held bitcoin treasury, Remixpoint’s stash jumped up a notch Wednesday with an ¥887.3 million (~$6.2 million at current exchange rates) purchase, bringing the firm’s holdings to roughly 981 BTC.

Remixpoint announce plans to focus on Web3

The energy and automotive solutions firm also announced a shift in its management structure with the Bitcoin purchase, shuffling executives and bringing in help from fellow Japanese mega-corporation SBI. Remixpoint will now be focusing more strongly on cryptocurrency and “web 3.0” development.

In an official announcement before the latest BTC acquisition, the company said it plans to hold 1,000 Bitcoins in the future, similar to leading Japanese firm Metaplanet, whose goal is to hold 210,000 BTC by 2027. Just below Remixpoint on the publicly held Japanese BTC treasures is fashion retailer ANAP, which also just purchased more BTC on June 12, bringing the firm’s holdings to roughly 153 BTC.

With the popularity of Metaplanet, and “Bitcoin” now fully a recognizable word for even the most mainstream members of Japanese society, the archipelago is seeing investors look to stocks associated with BTC as a way to get a leg up, and hedge for the future. As previously reported, Japan is facing economic woes in the form of rapid inflation, rice shortages, insufficient pensions, and overtourism.

Other Japan-listed firms holding bitcoin include SBC Medical Group, Value Creation, AI Fusion Capital Group, and Nexon, which sits just below Metaplanet with a current public stack of 1,717 BTC. Remixpoint began purchasing BTC and digital assets in September 2024. As of June 26, 2025, Representative Director and President of SBI Crypto Asset Holdings Taku Tashiro is expected to become the Representative Director and CEO at Remixpoint. Remixpoint’s news page also shows that Yoshihiko Takahashi, current CEO, and Representative Director, will move to Representative Director and CFO.

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Stocks, crypto, and the US dollar saw sharp losses late Thursday following Israel’s launch of airstrikes on Iran, triggering fears of a wider Middle East conflict. The market reaction was immediate, with futures and major indexes tumbling across the board while oil and gold surged on safe-haven demand.

Dow futures fell 400 points, or 0.9%, while the S&P 500 and Nasdaq 100 futures dropped 1.1% and 1.3% respectively. This came after Israeli Defense Minister Israel Katz declared a nationwide state of emergency, warning of likely retaliation targeting civilians.

Gold and oil surge as safe Havens draw investors

Gold continued its strong rally, gaining 0.8% on Friday morning after a 0.9% jump the previous day. Spot gold reached $3,406.61 per ounce by 8:12 a.m. Singapore time, driven by escalating tensions and investor flight to safety. Other metals, including silver, platinum, and palladium, also posted gains.

Oil prices spiked as traders anticipated potential disruptions to global supply. Crude climbed sharply past $72 per barrel, with no sign of resistance, as fears grew over how far the conflict might spread in the region.

Meanwhile, the Bloomberg Dollar Spot Index fell 0.1%, and the US Dollar Index dropped to its lowest level since March 2022. The decline reflects investor preference for non-dollar assets amid rising uncertainty.

Crypto markets slide on geopolitical shock

Bitcoin plunged from $107,000 to $102,000 within minutes, posting a 2.6% loss. Ethereum followed with a 5% decline, falling to $2,400. Orbit Markets co-founder Caroline Mauron said the decline in crypto mirrors broader market weakness and warned that geopolitical developments would drive further price action.

She added that technical support for Bitcoin may emerge around the $101,000 level but cautioned that uncertainty remains high.

Asia markets react as wall street gains erased

Despite Wall Street finishing Thursday in positive territory, the news from the Middle East wiped out those gains overnight. The Dow and Nasdaq each rose 0.2% during regular trading, while the S&P 500 climbed 0.4%, coming within 2% of its all-time high. All three reversed in after-hours trading.

In Asia, Japan’s Nikkei 225 lost 0.36%, and the Topix fell 0.43%. South Korea’s Kospi rose 0.38%, and the Kosdaq edged up 0.15%. Australia’s ASX 200 remained flat, while Hong Kong’s Hang Seng futures showed a mild gain.NBC News confirmed Israel acted alone in the strikes, with no direct US involvement, calming immediate concerns of broader engagement.

The post Markets Tumble as Israel-Iran Conflict Erupts, Oil Prices Surge first appeared on Coinfea.

The US Senate is preparing for a final vote on the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, which is scheduled for Tuesday, June 17. The bill, aimed at creating a structured regulatory framework for stablecoins, has moved swiftly through the Senate after a procedural vote held on June 12 signaled growing support.

The GENIUS Act has become a focal point in US digital asset legislation as lawmakers push for clearer rules in a rapidly expanding market. If passed, the bill would mark a major step in integrating stablecoins into the regulated financial system, potentially driving further on-chain activity and market adoption.

Thune pushes for crypto integration into everyday life

Senate Majority Leader John Thune called on fellow lawmakers to pass the GENIUS Act, echoing broader policy goals aligned with former President Donald Trump’s digital asset agenda. Thune expressed confidence that the legislation will help position the US as a global leader in crypto regulation and make digital assets a routine part of daily life.

The Senate voted 68-30 to advance the bill, with bipartisan support clearing the way for a full debate and final vote. Several Democrats joined Republicans in voting to invoke cloture, showing a rare moment of cross-party cooperation in the crypto space. Thune also pointed to ongoing work in the House of Representatives, where committees recently advanced the CLARITY Act, a separate bill focused on digital asset market structure.

Warren raises concerns over Trump ties and regulatory gaps

Despite the bill’s momentum, Senator Elizabeth Warren voiced strong opposition to the GENIUS Act. She argued that the legislation lacks essential consumer protections and fails to address key financial safeguards. Warren also criticized the Senate for not voting on bipartisan amendments she believes would strengthen the bill.

She further warned about Trump’s ties to the crypto industry, specifically his connections to World Liberty Financial and the alleged use of digital assets for political and financial gain. Warren said the bill risks enabling corruption by failing to place limits on how digital assets intersect with public office and international money flows.

Path forward uncertain despite bipartisan movement

The GENIUS Act has gained a lot of positive progress, but it is not certain whether the act will gather the required support during the final voting. In the Senate, where the Republicans have a narrow majority, the final decision should rely on the number of Democrats who still support the bill. According to analysts, the bill may become an international model of regulating stablecoins, yet resistance to it within Congress itself is one of the obstacles.

The post US Senate Schedules Final Vote on GENIUS Stablecoin Act first appeared on Coinfea.

A Dubai property, which was listed as a tokenized property, was sold out in less than two minutes. According to reports, the one-bedroom apartment in Kensington Waters, Dubai, UAE, listed as a tokenized property by the Dubai Land Department (DLD)and PRYPCO Mint Platform sold out in 1 minute and 58 seconds.

The property at Kensington Waters was worth $653,000, the same value as the first tokenized property that was sold. In total PRYPCO Mint and DLD have sold so far $1.306 million worth of tokenized property in Dubai and the future will see more.

Dubai tokenized property sold out in 1 minute 58 seconds

This was the second tokenized real estate project sold by PRYPCO in the last few weeks. The second property, unlike the first, saw 149 investors from 35 nationalities purchase portions, while the first one attracted 224 investors from over 40 nationalities, with an average investment of $2,900.

The second property was valued at Dh1.5 million, offered at a discount from its estimated market price of Dh1.875 million. Fractional shares were made available starting at Dh2,000, enabling smaller investors to participate in real estate ownership. While the second listing sold out in 1 minute and 58 seconds, the first tokenized listing was sold out in 24 hours.

PRYPCO Mint, the blockchain platform for tokenizing real estate assets, is using the Ctrl Alt blockchain platform which is powered by XRP and Zand Bank for payments. The DLD and Ctrl Alt worked closely together on the development of a secure and compliant tokenization framework, focusing on structuring, minting, and placing real estate title deed tokens on-chain.

According to the Dubai Land Department, the waiting list for the second property was about 10,000, compared to the first which was 6,000, showing that trust is rising in the tokenized property market. Investors are encouraged to register early on the PRYPCO Mint platform to participate in upcoming projects, many of which are expected to see similarly high demand. The initiative is projected to contribute to the growth of an AED 60 billion ($16 billion) tokenized real estate market by 2033, equivalent to 7% of Dubai’s total property transactions.

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Prices of gold and oil have been on the rise amid tensions in the Middle East. Oil prices climbed on Thursday to levels not seen in over two months after US President Donald Trump ordered the relocation of American personnel from the Middle East. Gold climbed as much as 0.6% to about $3,373 an ounce.

According to records, Brent Crude futures gained about 0.2% by 12:30 AM GMT, reaching $69.92 per barrel. US West Texas Intermediate (WTI) crude also gained 0.3%, to trade at $68.37 a barrel. Trump said on Wednesday that US personnel were being moved out of the region because “it could be a dangerous place,” and reiterated that the United States would not permit Iran to develop a nuclear weapon.

His statement came after reports stating that Washington was planning a partial evacuation of its embassy in Baghdad and would allow military dependents to leave various posts across the Middle East due to elevated security risks, according to US and Iraqi officials. It increased concerns that rising tensions with Iran could interrupt oil supplies. Both benchmarks had jumped more than 4% on Wednesday, marking their highest closes since early April.

Iraq, OPEC’s second-largest oil producer after Saudi Arabia, plays a key role in global supply. The country’s Defense Minister, Aziz Nasirzadeh, warned that Tehran would target US bases in the region if nuclear negotiations collapse and conflict breaks out with Washington. Trump has repeatedly threatened military action against Iran should it fail to agree to a new nuclear deal. Adding to the market’s upbeat mood was growing optimism over a potential US-China trade agreement, which could lift fuel demand in the world’s two biggest economies.

Gold feels the impact of geopolitical tensions

On Thursday, gold rose for a second straight day as tensions in the Middle East increased its appeal as a haven, and President Trump said he would inform trading partners of forthcoming tariff rates within two weeks. The bullion climbed as much as 0.6% to about $3,373 an ounce, building on a 1% gain from the previous session, which was also driven by a weaker dollar.

Trump said he planned to send letters to US trading partners in the next one to two weeks to set unilateral tariff rates, ahead of a July 9 deadline to reinstate higher duties on many economies. He also claimed that a trade framework with China has been finalized, keeping levies between the two powers at current levels.

Ongoing worries about global trade tensions and geopolitical risks have unsettled markets this year, increasing gold’s reputation as a store of value in uncertain times. The precious metal has climbed about 28% so far this year and hit an all-time high in April, supported in part by increased purchases from central banks. As of 7:59 a.m. Singapore time, spot gold was trading up 0.3% at $3,364.43 an ounce. Other precious metals, including silver, platinum, and palladium, also posted gains.

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The WLFI token is in the spotlight following a significant OTC transaction in which a whale or institutional investor transferred $40 million into the project. 

The sale consisted of 800 million WLFI tokens priced at 0.10 USD each, implying growing confidence in the token’s long-term value prospects, even though it does not yet have trading capability. 

Whale Activity Sparks Speculation About WLFI’s Future

On-chain metrics prove that it is the second-largest transaction related to the same whale wallet, which was first activated in March. This is the biggest single-asset purchase that the wallet has ever made, as it has been involved in DEX before and interacted with OKX. The buy is regarded as institutional in size. It could be a part of a larger plan relating to the future utility of the token in governance or a possible listing on an exchange.

The WLFI community considers the time of the purchase necessary since the project is about to release its token holder voting system on June 16. This capability will put its users in charge of development decisions. Among the initial votes will be one to have WLFI listed on exchanges, which may resolve a one-year-long token lock.

WLFI ownership expands across Ethereum and BNB chain

The current holders of WLFI include more than 83,000 Ethereum wallet addresses, but the concentration of the supply is in the accounts of whales. There is more supply in team wallets, probably to be used in future releases. The previous presale stages valued WLFI at 0.015 and 0.05, so the recent 0.10 sale has been made at a significant premium. This has led to speculation that the token might experience greater valuations when it can be traded on centralized or decentralized exchanges.

A whale/institution appears to be doing an OTC deal for $WLFI.40 mins ago, the whale sent $40M $USDT to World Liberty Finance (@worldlibertyfi).8 days ago, the whale sent $40M $USDT to World Liberty and received 400M $WLFI, 4 days ago.https://t.co/eZ3ivzbYuV pic.twitter.com/0gIoXFki0v

— Onchain Lens (@OnchainLens) June 12, 2025

Although WLFI has yet to start trading, there is an increase in activity around the World Liberty Fi ecosystem. The project’s stablecoin, USD1, has been growing on several chains, with a recent addition of TRON. Nevertheless, the majority of USD1 trading is still centralized on the BNB Smart Chain.

USD1 Stablecoin and DeFi ambitions boost ecosystem activity

USD1 has reached a circulating supply of 2.18 million and records daily volumes of around $453 million. The token is widely used on PancakeSwap, primarily as a trading pair for meme tokens. A recent competition involving meme trading has helped boost its rank to the fourth most traded stablecoin by daily volume.

The takeover continues The first USD1 minted on Tron—just the beginning of something much bigger.Appreciate the support @justinsuntron. Let’s bring USD1 everywhere.https://t.co/flQVafe9Ey

— WLFI (@worldlibertyfi) June 11, 2025

World Liberty Fi has also deposited Aave V3 account, intending to operate its own lending protocol. This distinct variation of Aave will be independent and it will utilise WLFI and USD1 to regulate liquidity and governance, as the project proceeds to establish a self-sufficient DeFi ecosystem.

The post Whale or Institution Makes Major WLFI Token Moves in Large-Scale Deals first appeared on Coinfea.

Singapore, [June 10, 2025] – The RYO Project, an innovative initiative born out of Japan, has launched RYOPAY, RYO’s stablecoin designed to be used within its comprehensive Web3 ecosystem. The first real-world use case for RYOPAY will be in partnership with GRNX Global, revolutionizing the global grain trade settlement process and demonstrating the power of Web3 beyond traditional finance.

Empowering the Global Community with Web3 Technology

RYO is not just another cryptocurrency – it’s a dynamic movement making blockchain technology accessible, practical, and beneficial for all. At its core, RYO Coin represents decentralized finance, offering a secure, transparent way to transact. The RYO ecosystem extends beyond crypto – it serves as a gateway bringing together real-world commerce, social impact, and much more through blockchain technology.

“We’re committed to making Web3 solutions and blockchain technology accessible and transformative for everyone

whether you’re an experienced crypto trader or new to crypto,” said Anthony Diaz, Founder & Chairman of the RYO Project. “Our mission is simple: to empower people, provide value, and bring innovation to the masses.”

RYO Project’s Achievements and Milestones

Since its inception, RYO has achieved key milestones that have set it apart from other blockchain projects:

RYO Coin: A digital currency for fast, low-cost, transparent transactions.

RYOPAY Stablecoin: A blockchain-powered stablecoin designed for the RYO ecosystem, with the first real-world application in partnership with GRNX Global for global grain trade settlements, marking the beginning of its broader rollout.

LIFE Wallet: A multi-function Web3 wallet that simplifies digital asset management, and offers integrated chat, rewards, and social features, enhancing user-experience.

The Global Mall: An e-commerce platform enabling merchants and consumers to buy and sell goods using RYO, other digital assets, and traditional payment methods, catering to both the crypto community and mainstream users.

Japan’s Crypto ATM Network: The first and only licensed Crypto ATMs in Japan, enabling seamless buy/sell transactions with simple KYC verification. This network creates nationwide accessibility in everyday locations across Japan, supporting the effortless adoption of crypto in daily life.

RYO-Chan: The project’s real-life schnauzer mascot, powered by AI, who leads smart contract analysis and portfolio management, and plays a key role in gaming, charity initiatives, and incentive programs, bridging blockchain with entertainment and social impact.

These achievements have garnered significant recognition, including the “Best Crypto Solution” award by the Tech Ascension FinTech Awards in 2024. RYO is leading the way in making blockchain simple and accessible to everyone.

Strategic Partnership with the Grain Trade Industry

RYO has formed a strategic partnership with GRNX Global to revolutionize the global grain trade settlement process using RYOPAY. This collaboration streamlines international transactions by leveraging blockchain technology for faster, more transparent, and cost-efficient settlements, demonstrating blockchain’s real-world impact beyond finance.

Transparency, Compliance, and Consumer Protection

Built in Japan, RYO adheres to high standards of compliance and consumer protection. The project has undergone KYC and comprehensive security audits with Certik, reinforcing transparency, trust, and long-term stability. RYO is committed to building a strong, reliable foundation for its global expansion.

A Vision for the Future: Expanding the RYO Universe

RYO is poised for explosive growth, focusing on key initiatives, such as:

Expanding Global Accessibility: Further exchange listings for wider access and greater liquidity.

Real-World Payment Integrations: Enabling businesses to accept RYO Coin in everyday transactions.

Social Impact & Charity: Leveraging the power of blockchain to drive positive change through charity initiatives and providing users with opportunities to learn, earn, and make an impact on communities worldwide.

“We’re not just building a token – we’re building for the future,” emphasized Diaz. “Crypto is only one piece of the puzzle. We are creating new ways for people to connect, earn, shop, and engage through blockchain.”

A Multi-Generational, Transparent Community

With over 30 years of marketing expertise in Japan, the Founders of RYO have built a diverse, multi-generational community, engaging people from their 20s to 80s through strategic education and awareness initiatives. This broad reach proves RYO’s usability and trust, solidifying its position as a transparent and secure platform for digital asset management.

The RYO Opportunity

RYO’s mission to make blockchain accessible to all is attracting interest from investors, tech enthusiasts, businesses, and everyday users who may not have previously engaged with crypto. The global expansion of the RYO ecosystem, alongside its secure, and user-friendly design, makes it an appealing opportunity for forward-thinking investors.

About Zenza Capital PTE. Limited

Zenza Capital PTE. Limited is a leading innovation-driven investment firm specializing in emerging technologies, digital finance, and blockchain. Zenza Capital plays a central role in the development and expansion of the RYO ecosystem and driving mass adoption of Web3 and blockchain technologies.

For more information on the RYO Project, visit www.ryocoin.com or contact: [email protected] RYO on social media for exclusive updates: Twitter | Telegram | LinkedIn | YouTube

The post RYO Project: Launching RYOPAY with First Real-World Use Case in the Grain Trade Industry first appeared on Coinfea.

The Prime Minister of Japan, Shigeru Ishiba, and his ruling Liberal Democratic Party (LDP) are preparing to hand out cash to the struggling populace, ahead of an Upper House election next year. Opponents have criticized the move, calling for tax cuts and sensible spending.

According to local media, Japan’s LDP ruling coalition will be handing out cash if it holds sway in the next Upper House election next month. During a June 10 meeting in Tokyo, secretaries-general and coalition officials reportedly decided to move forward on discussing the exact amounts and details of the handouts.

The plan was shot down back in April and criticized as an irresponsible measure. At the time DPP secretary general Kazuya Shinba said, “If the government doles out taxpayers’ money in the form of benefits, there is no point in collecting it from the public in the first place.”

Ishiba, described as the “defense geek” has refused to cut down consumption tax as the prices of rice continue to rise and the Japanese yen continues to struggle. Ishiba’s willingness to dole out vast sums of money to the U.S. government and on military spending is also a reason for Japan’s residents to resent the policy.

Japan government’s spending cycle continues

The handouts are expected to be shared in the form of cash or via the “My Number” system (a new catch-all national ID system some nationals are fighting against adopting). As far as amounts, the Asahi Shimbun reports that ¥50,000 per person (~$345) was discussed in April, and coalition officials are mulling not setting limits based on income.

The plan could be funded using a “surplus” from 2024 taxes and has forced junior coalition party Komeito to drop its tax cut plans ahead of next month’s vote, expected to take place on July 20. While the coalition wants to sway the public and garner votes by giving away money, public opinion polls have shown “strong opposition” to the idea, according to Asahi.

Other issues Japanese have been vocal about include massive inbound tourism, resulting in skyrocketing hotel prices and damage to property, inadequate pensions for the elderly, and a rice shortage which some farmers claim is a direct result of state-created limits on production. It is not clear whether a paltry ¥50,000 per person would do much at all to alleviate the economic fallout on the archipelago, but it seems many have their doubts.

The post Japan wants to hand out cash to its struggling populace first appeared on Coinfea.

The video game performers’ union of Hollywood SAG-AFTRA, has reached a gentleman’s agreement with several game companies, a move that could end its year-long strike tied to the use of artificial intelligence in video games.

Members of the Screen Actors Guild-American Federation of Television and Radio Artists (SAG-AFTRA) began their strike in July last year over failure to reach an agreement with top gaming companies over protections against AI. According to APNews, the union mentioned that the unregulated use of AI posed “an equal or even greater threat” to performers in the video game industry than in film or television. This is because cheap tools to create convincing digital voice replicas are now widely available.

Performers feared that unchecked AI could let game companies replace them by training software to mimic an actor’s voice or by creating a digital likeness without explicit written consent or prior notice. “Patience and persistence have resulted in a deal that puts in place the necessary AI guardrails that defend performers’ livelihoods in the AI age, alongside other important gains,” said SAG-AFTRA National Executive Director and Chief Negotiator Duncan Crabtree-Ireland.

SAG-AFTRA negotiates AI protection deal with Activision, EA, and other studios

According to reports, the union was locked in negotiations with a group of gaming studios, including Activision and Electronic Arts. Others involved in the negotiation included Blindlight LLC, Disney Character Voices Inc., Epic Games Inc., Formosa Interactive LLC, Insomniac Games Inc., Take-Two Productions Inc., and WB Games Inc.

SAG-AFTRA says it expects to finalize terms to suspend its strike with these firms. Until the agreement is reached, members will stay on strike and will not do any performance or voice work. After the agreement is reached, it is expected to be approved by the SAG-AFTRA National Board, and then ratified by its union members before the strike can be suspended.

Video game performance previously went on strike in October 2016, but ended in September 2017, lasting 11 months. The strike was suspended after a deal that added bonus pay for voice and performance artists was reached.

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Crypto founder of US-based crypto payments platform, 38-year-old Lurii Gugnin has been arrested and charged with money laundering by prosecutors in Brooklyn. According to authorities, Gugnin ran a global laundering network that moved over $530 million for Russia’s sanctioned banks and companies.

Gugnin, who lives in Manhattan, was arrested and charged to court on Monday, with the judge ordering a remand till when his trial commences. According to the 22-count indictment, Gugnin ran the operation through his two companies, Evita Investments and Evita Pay, while hiding the source, flow, and purpose of the funds.

Prosecutors also mentioned that between June 2023 and January 2025, he moved payments for clients tied to banned firms, using a mix of US banks and crypto exchanges, mostly moving the money through USDT, a stablecoin tied to the dollar and developed by Tether.

Crypto founder lied about his operations

Officials of the Department of Justice alleged that Gugnin’s clients were made up of institutions under US sanctions, including Sberbank, VTB Bank, Sovcombank, Tinkoff, and Rosatom, Russia’s state-run nuclear energy firm. The wallets used were also not random, showing relations to the Kremlin’s financial and tech backbone. Prosecutors say the crypto founder helped them get around restrictions by faking compliance documents, lying to banks, and hiding ties to Russia.

Gugnin was also accused of using shell companies and fake records to make payments look clean. He allegedly rewrote over 80 invoices, digitally removing any trace of the Russian entities involved. The goal was simple: get the money past U.S. systems without anyone catching on. Officials also said Gugnin helped them buy restricted American technology, with a server covered by anti-terrorism export laws landing in the hands of a Russian client thanks to his operation.

Assistant Attorney General Matthew Olsen said, “The defendant is charged with turning a cryptocurrency company into a covert pipeline for dirty money, moving over half a billion dollars through the U.S. financial system to aid sanctioned Russian banks and help Russian end-users acquire sensitive U.S. technology.”

Gugnin knew he was probably being looked into, with the feds saying he searched online for phrases like “how to know if there is an investigation against you” and “money laundering penalties US” before his arrest, showing he expected federal heat. And he wasn’t just moving cash. Officials say he kept up direct ties with Russia’s intelligence service and with Iranian officials. Neither country sends people back to the U.S. when wanted.

Despite being looked into for his involvement in a billion-dollar laundering case, Gugnin was living a life of luxury in New York. In the fall of 2024, the Wall Street Journal featured him in a story about rich renters. He was paying $19,000 a month for a luxury Manhattan apartment. According to the Justice Department, if he is convicted of bank fraud alone, he could get 30 years in prison. But if the court finds him guilty on all 22 charges, his total sentence could be stacked into a prison term longer than a human life. He has not entered a plea yet and is being held without bond as he waits for his next court date.

The post Crypto founder docked for laundering $500 million first appeared on Coinfea.

Paraguay has alerted the public over the hack of its President Santiago Peña’s X account. According to the presidency, the account was used to spread fake messages about adopting Bitcoin. The warning came after a strange post appeared on the post saying the country had made Bitcoin legal tender and would establish a $5 million Bitcoin reserve fund.

The message, written in English, had a Spanish-language image attached that falsely appeared to be an official government notice. The government told the public to ignore anything coming from the account until further notice. Officials said they noticed “irregular activity” that showed signs of “unauthorized entry.” That same morning, the cybersecurity team in Paraguay began working with X’s security department to figure out who got in and how.

Paraguay connects hack to crypto scam wave in Latin America

According to Reuters, the breach is in line with a growing wave of crypto scams on social media. These types of fraud usually show up in the form of sponsored posts or fake official messages pushing people to invest. The hacker behind Peña’s account followed that same method.

The story follows what happened in Argentina earlier this year, when President Javier Milei promoted a token named Libra on his social media, with the token collapsing almost immediately. That scandal blew up in his face and triggered a public backlash, especially after critics accused him of helping to pump a worthless coin.

Bitcoin has been legal in El Salvador for a while, with President Nayib Bukele announcing it back in 2021 and launching tokenized bonds shortly after. But what happened in Paraguay this week wasn’t real policy—it was a digital trap planted by someone exploiting Peña’s account.

However, this isn’t Paraguay’s first brush with hackers. In May, the Communications Ministry tracked at least 18 attacks on over a dozen public agencies, including the civil aviation regulator and justice ministry. Those hacks targeted email systems, cloud platforms, and login credentials, and no official link to Peña’s breach has been confirmed. As of now, Peña hasn’t made any public statements, and the fake post has been deleted. No arrests or leads have been announced.

The post Paraguay President’s X account hacked to promote Bitcoin scam first appeared on Coinfea.

The UK has selected Andrew Small to be the Insolvency Service’s crypto intelligence specialist and help with the recovery of digital assets from bankruptcy and crimes. Since Small has been formerly tasked in economic crime by the police, here she’ll analyze crypto holdings and work to recover as much as possible for the creditors and further assist law enforcement.

Sharp increase in crypto cases

The Insolvency Service noted a huge rise, amounting to 420 percent, in crypto insolvency cases over the past five years. The number of incidents went up to 59 in the 2024/25 period, compared to just 14 in 2019/20. Identified crypto assets are now valued at more than £520,000 this year, while they were valued at only £1,400 when this started five years earlier.

More Britons holding crypto has lead to the rise as Uniswap is now available in the United Kingdom. At the beginning of 2021, less than 3.2 million adults were using digital assets. An increase in people owning cryptocurrencies can be seen in the rising number of such matters in courts.

The UK Insolvency Service has appointed former police investigator Andrew Small as its first dedicated #crypto intelligence specialist. He will be responsible for tracing and identifying digital assets in bankruptcy and criminal cases. The role, based within the agency’s…

— CryptOpus (@ImCryptOpus) June 9, 2025

New role to boost recovery

He has now been assigned to the Investigation and Enforcement Services team, where he will look into crypto related to financial crash and criminal investigations. He explained that because crypto is recoverable, his work will offer the agency better understanding of the technologies and types of tokens used for digital value transfer and storage. Based on the findings from Official Receiver Service, £523,580 worth of crypto was traced in 59 cases in 2024/25.

Small’s skills are believed to strengthen the Insolvency Service’s practice of handling digital asset recovery. Currently, the agency mainly deals with Bitcoin, Ethereum, Dogecoin, Litecoin, and NFTs.

New crypto reporting rules from 2026

The UK government plans to introduce strict reporting rules for crypto service providers starting in January 2026. HM Revenue & Customs confirmed that firms must collect and report detailed user and transaction data under the OECD’s Crypto Asset Reporting Framework. Data to be collected includes names, addresses, birth dates, national insurance numbers, tax references, and transaction details such as token types, values, and timestamps. Firms dealing with entity clients must also provide business names, registration numbers, and controlling party information. Penalties of up to £300 per user will apply for non-compliance or incomplete reporting.

The post UK Names Crypto Expert to Recover Digital Assets in Bankruptcy Cases first appeared on Coinfea.

Injective has taken a key step toward traditional finance integration as Canary Capital officially registered a Delaware trust for a staked INJ ETF. Filed under the name ‘Canary staked INJ ETF’ with registration number 10221067, the entity marks the first stage of a potential application for a US-based exchange-traded fund focused on the INJ token.

The initiative aims to offer investors exposure to INJ while allowing staking benefits and passive income generation.

ETF filing process begins

The creation of the trust marks the first requirement before proceeding with a formal filing to the US Securities and Exchange Commission. This development could initiate the waiting and review process leading up to the ETF’s approval. The fund is expected to be initially accessible to US investors. The Injective team has indicated a possible ETF filing soon, underlining its commitment to reaching mainstream financial markets. INJ is part of a select group of tokens developed in the United States, backed by domestic fundraising and a US-based team.

BREAKING: CANARY STAKED $INJ ETF REGISTERED IN DELAWARE

— Injective (@injective) June 9, 2025

European momentum and market activity

While the US filing process begins, INJ has already seen exposure through European markets. 21Shares launched an exchange-traded product based on INJ that includes staking proceeds. Although ETPs offer easier deployment compared to ETFs, the goal remains to secure ETFs for higher liquidity and broader investor access.

Altcoin ETFs remain rare, with most market focus still on BTC and ETH. Canary Capital has consistently worked toward creating ETFs for other long-standing altcoins including TRON, Litecoin, Hedera, Sui, Axelar, and Pengu. The firm continues to target market expansion while most new ETF filings are focused on Solana and XRP.

DeFi adoption and token performance

The platform, Injective, aims to be efficient for decentralized finance and is currently growing its user base and transaction volume. About 48,000 active users use the chain daily, and around $40,000 in fees are earned, but because of the current rewards, the chain still loses more than $1 million each day. There is a fixed supply of 100 million INJ tokens, and more than 97 million have been released so far. 

Today, Injective’s value locked is at $28.86 million, which is less than that of other Layer 1s, yet it is growing as DeFi users continue to increase. The shares of INJ increased by 4.7 percent to $13.56 after the news was released. The crypto has gained as much as $40 and some analysts say it is less valued than it should be. Lately, the amount of open interest rose to $68 million, which shows traders are getting more involved.

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Pokémon studio Game Freak has released a new monster-slaying game set in post-apocalyptic Japan. The game, titled Beast of Reincarnation, was revealed yesterday by the studio behind the mega-popular Pokémon games. The game is set in the year 4026 and features a female protagonist battling “blight.” The game is set for release next year on Xbox and PC.

“Humanity awaits its inevitable extinction,” the newly released trailer for Beast of Reincarnation ominously warns. It was revealed at the recent Xbox Games Showcase 2025, where developers said it will be available on Xbox series X and S, and Xbox PC.

Pokémon Studio Game Freak is set to release Beast of Reincarnation

The June 8 reveal includes a short trailer for the game (originally announced as “Project Bloom” back in May), featuring Emma “the sealer” engaged in ferocious battles with enemies, and attempting to destroy the Beast of Reincarnation which spews forth “blight” upon the earth.

“From developers GAME FREAK Inc., Beast of Reincarnation launches day one with Xbox Game Pass in 2026. Also coming to Xbox Series X|S.” the Xbox official trailer description read. The game’s mechanics are described as “demanding, technical combat.”

Xbox also summarized the game saying, “In post-apocalyptic Japan, a land ruined by corruption and crawling with monstrous beasts, humanity’s last hope may rest with Emma—an outcast cursed as a Blighted One—and Koo, her loyal canine companion.” The trailer also features what appears to be a friendly giant robot. Lush scenery such as rice paddies and forests indeed is accurate to much of Japan’s verdant landscape.

Tokyo-based Game Freak has seen massive success with its Pokémon titles on Nintendo platforms, but also is behind other titles, such as 2015’s Tembo the Badass Elephant (published by Sega), 2017’s Giga Wrecker (published by Rising Star Games), and Little Town Hero, which was self-published.

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The back and forth between United States President Donald Trump and Tesla boss Elon Musk sent the price of the stock tumbling last week. However, observers have mentioned that the feud is unlikely to have a lasting effect on the automaker’s long-term goals. The feud began when Musk criticized the Republican spending bill for cutting electric vehicle tax credits, a move he warned would add more than $2.4 trillion to the U.S. deficit.

Trump responded by threatening to cancel government contracts with Musk’s companies. Musk then fired back, saying he would shut down SpaceX’s Dragon spacecraft before backing away from that threat. On Thursday of last week, the TSLA stock slid 14%, erasing about $138 billion from its market value. The shares recovered some ground the next day, but Musk still saw one of the biggest single-day drops in personal wealth ever recorded, an estimated $34 billion hit to his net worth as reported by Business Insider.

Tesla faces a bigger risk than the impact of Trump’s feud

Despite the headlines, analysts noted that there is little reason to believe the feud will leave lasting scars on Tesla’s core business. “Musk’s and Trump’s relationship has an impact on the stock and maybe investor sentiment, but as far as the actual business impact for Tesla, I never thought Trump getting elected was positive or that negative for Tesla,” Morningstar analyst Seth Goldstein told Business Insider. “So with the feud that started between Trump and Musk, I never really viewed that as that positive or negative for Tesla either.”

Goldstein added that the most significant concern for Musk and other electronic vehicle makers is the political push to trim or remove subsidies. President Trump has already signaled he would cut electric-vehicle tax credits, a change Gene Munster of Deepwater Asset Management warned could shrink Tesla’s deliveries by about 15% in 2025.

As Tesla prepares for the launch of its robotaxi services in Austin this month, analysts believe the federal government will let it go ahead as planned. Munster argues that self-driving cars are a key part of “physical AI,” and that the U.S. has an interest in leading both digital and real-world artificial intelligence. He expects “cooler heads to prevail” and for Washington to keep supporting the technology.

Goldstein says the government has almost no way to block Tesla’s self-driving plans. While the Department of Transportation is reviewing federal safety rules for self-driving vehicles, he said it’s unlikely regulators would mandate expensive lidar sensors just to target Musk’s company. “If Trump wanted to hurt Elon, they could more easily cut SpaceX contracts than create a convoluted policy against Tesla,” he added.

In a note released last Friday, Morgan Stanley analyst Adam Jonas echoed the broader sentiment. He said the Musk-Trump dust-up doesn’t change the “longer-term vectors that drive the stock’s value,” pointing to the EV maker’s work in AI, robotics, manufacturing, supply-chain redesign, renewable energy, and critical infrastructure.

By late Friday, the public exchange of former best friends had died down. In a Saturday interview with NBC News, Trump said he doesn’t plan to reconcile with Musk and warned him against backing Democratic candidates. Yet, on Friday, while talking to reporters on Air Force One, the president said on a lighter note, “I hope he does well with Tesla,” Trump said.

The post Tesla set to go ahead with plans despite effects of Musk and Trump feud first appeared on Coinfea.

London, UK, June 9, 2025

Real AI. Real Trades. Real Results.

In a market that moves by the second, Cortextrade.io offers more than just automation – it delivers an edge. By giving users access to advanced crypto trading bots powered by artificial intelligence, the platform turns volatility into opportunity and data into profit.

What Is Cortextrade.io?

Cortex Trade is a next-generation algorithmic trading platform built for both crypto newcomers and seasoned traders looking for smarter, more efficient ways to grow their capital. It uses state-of-the-art machine learning and deep learning techniques to execute trades automatically, eliminating emotion and guesswork.

These bots don’t just follow price trends – they learn, adapt, and evolve.

How the AI Bots Work

Cortextrade’s core strength lies in its ensemble AI model – a powerful combination of multiple deep learning architectures, including:

– TCN (Temporal Convolutional Networks) for sequence modeling

– CNN (Convolutional Neural Networks) for pattern recognition in price charts

– LSTM (Long Short-Term Memory) for capturing long-term dependencies in time series data

– XGBoost for high-performance predictive modeling

– K-Nearest Neighbors (KNN) for clustering assets by volatility

– Hidden Markov Models (HMM) for identifying profitable market regimes

These models work together to analyze 15-minute candlestick data across 1000+ days, identifying complex market patterns in ETH/USDT and beyond. The ensemble approach resulted in a 983+% ROI in backtesting, a staggering number that highlights the bot’s potential – though not a guaranteed outcome.

What Data the AI Uses

Cortextrade’s AI doesn’t just rely on charts. It pulls from a broad spectrum of real-time and historical data:

– Price action and technical indicators

– News sentiment analysis using NLP to monitor global headlines

– Blockchain analytics, including smart contract behavior

– Wallet tracking, especially for crypto whales and institutional players

This multi-layered data pipeline gives the bots a comprehensive view of the market – from macro events to micro wallet movements.

Real Performance, Real Markets

While backtests show promise, Cortextrade’s bots have also proven themselves in live test environments. Starting with as little as $20 per trade and scaling to $100,000 in capital, the bots were able to generate consistent profits over a 7-day real market test – with disciplined risk management and no over-optimization.

Built by Traders, Refined by Data

The development of Cortextrade.io is the result of years of research and real trading experience. From early rule-based strategies using RSI, MACD, and Bollinger Bands to today’s deep learning-driven ensemble system, the journey has been marked by relentless iteration and a refusal to settle.

Every improvement, every model tweak, and every performance gain was built on the core belief: smart algorithms, used with patience and discipline, can compound wealth over time.

Final Word

Cortextrade isn’t hype. It’s a system built on research, powered by AI, and tested in the real world. Whether you’re just entering the world of crypto or looking to supercharge your existing strategy with advanced automation — this is your edge.

Start smarter. Trade better. Cortextrade.

Join the conversation on:

Website: https://cortextrade.io/ 

Email: [email protected] 

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The post Cortex Trade Launches AI-based Full Investment Platform first appeared on Coinfea.

Tesla billionaire CEO Elon Musk has deleted some of his posts targeting United States President Donald Trump in the wake of public backlash. The first, accusing Trump of being connected to Jeffrey Epstein, and another supporting a call to replace Trump with Vice President JD Vance, with both disappearing without any explanation.

One of the missing posts contained an unverified claim about Trump’s name appearing in Epstein’s documents. While the original post wasn’t backed with any evidence, it now leads to a blank X page that simply says, “Hmm…this page doesn’t exist. Try searching for something else.” The second deleted post was Musk replying “yes” to a user who called for Trump to be impeached and replaced by JD Vance, his current Vice.

Elon Musk deletes controversial posts amid backlash

JD Vance spoke about the deleted post in an interview Friday with podcaster and comedian Theo Von, saying Elon Musk was being emotional. “I think he’s making a huge mistake going after Trump,” Vance said, but added, “Elon is an emotional guy. He got frustrated.” The deleted posts came days after Musk started going after Trump over the administration’s massive tax and spending proposal called “One Big Beautiful Bill.”

Musk, who recently wrapped up his role running the Department of Government Efficiency, had been publicly supportive of Trump just a week earlier. The sudden change shows how fast their relationship has collapsed. That bill appears to be the trigger. Musk has publicly expressed frustration that the legislation didn’t include key policy goals he had pushed for.

Karoline Leavitt, White House press secretary, spoke to CNN and dismissed Musk’s attacks as political whining. “This is an unfortunate episode from Elon, who is unhappy with the One Big Beautiful Bill because it does not include the policies he wanted,” Karoline said. But the Epstein accusation is what escalated things. Elon claimed the reason certain Epstein documents haven’t been released is because Trump’s name is in them.

Speaking to Kristen Welker of NBC News on Saturday, Trump said Musk would face “serious consequences” if he backs Democratic candidates in the next election. “If he does, he’ll have to pay the consequences for that,” Trump said in the interview. “He’ll have to pay very serious consequences if he does that,” he added, though he didn’t explain what those consequences might be.

Trump also added that their relationship is over. “I gave him a lot of breaks, long before this happened,” he said. “I gave him breaks in my first administration and saved his life in my first administration. I have no intention of speaking to him.” When asked if the relationship is finished, Trump replied, “I would assume so.” He also criticized Musk for being disrespectful to the office of the president.

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Tether CEO Paolo Ardoino has commended Bolivia’s growing reliance on USDT for everyday transactions. The country is moving away from cash as more shops display prices in USDT, signaling a growing preference for digital dollars in daily commerce.

Retailers embrace digital pricing

Images shared by Ardoino on social media show a wide range of consumer products priced in USDT, including well-known brands like Cadbury, Oreo, and Milka. Items such as sunglasses and packaged foods were also seen with stablecoin-denominated price tags. This shift indicates that the use of Tether has become part of routine financial activity in Bolivia. According to Ardoino, this move reflects a broader transition toward digital finance in response to economic volatility and inflation pressures.

In Bolivia, real prices in shops are displayed in USD₮.A quietly revolutionary shift: digital dollars are powering daily life, commerce, and economic stability. pic.twitter.com/dGP7I2ipxv

— Paolo Ardoino (@paoloardoino) June 7, 2025

Cash losing ground in daily trade

The Central Bank of Bolivia has acknowledged that several products in the country are now priced exclusively in USDT. This development reflects a decline in the use of the Bolivian Boliviano in regular purchases. Consumers are increasingly using digital wallets to pay for goods, bypassing cash entirely. Economic instability and a weak national currency have made USDT a more dependable medium of exchange. As a result, stablecoins have become a practical solution for merchants and shoppers alike.

Policy shift and growing adoption

Bolivia reversed its long-standing ban on cryptocurrency use in mid-2024, allowing banks and institutions to engage with digital assets. This move followed a surge in trading activity, with stablecoins making up the majority of the $48.6 million in crypto assets exchanged between July and September of that year. The trend continued as Banco Bisa, one of the country’s leading banks, introduced a custody service for stablecoins in October 2024. Supported by financial regulators, this service enables citizens to buy, sell, and store USDT securely.

Before, Bolivia considered the technology a pyramid scheme and arrested people involved in promoting it. Reports published in 2016 pointed out that the use of banking services was very low, with only 11% of people owning debit cards and 5% using credit. Due to digital currency, more people can now access the financial system. The central bank is looking at direct exchanges between Bolivianos and USDT, as this is expected to simplify money transfers and keep prices constant.

The post Tether CEO Hails Bolivia’s Growing Use of USDT in Retail Transactions first appeared on Coinfea.

SBI Holdings has invested $50 million in Circle, causing the Circle Internet Group stock to soar. Tokyo-based mega-business SBI Holdings has reportedly invested $50 million in Circle Internet Group’s stock, via its launch Thursday on the New York Stock Exchange.

SBI Holdings and Circle already have an active partnership and the Japanese financial company is looking to expand the use of Circle’s dollar-pegged stablecoin, USDC. The stablecoins also launched on the SBI VC Trade platform in March.

SBI Holdings bullish on the future of USDC

Discussing the future of the stablecoins, SBI Holdings said it wants to provide users with access to digital dollars. “Through the handling of USDC, we will provide customers with access to digital US dollars and promote efficient and cost-effective electronic payment methods in line with the development of the digital economy,” the firm said.

Shares of CRCL also doubled across June 5 and 6, with trading starting at around $60/share and tapping $120 on Friday. SBI’s grab is said to consist of about 5% of the 34,000,000 Class A common stock shares offered up. SBI is also notably involved with XRP and Ripple, the extremely popular market-cap leading digital currency, and its issuer, and has backed Solana NFT (non-fungible token) initiatives in Japan.

The post SBI Holdings invests $50 million in Circle as stock surges first appeared on Coinfea.